Paragon Partners invests Rs 100 crore in two firms

Friday, March 24, 2017, 9:47 AM

Paragon Partners has invested Rs.100 crore ($ 15 million) in two firms. It pumped Rs.75 crore in Cravatex Brands, a pan-India retail and distribution platform for lifestyle, sports and wellness, and Rs.25 crore in InCred Finance, a technology-driven lender backed by Anshu Jain, the former co-chief executive of Germany's Deutsche Bank. With these two deals, Paragon has deployed Rs.275 crore across four companies.